NPORT-EX 2 NPORT_0BI9_79221742_1123.htm

 

Schedule of Investments (unaudited) iShares® MSCI South Korea ETF
November 30, 2023 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Common Stocks          
           
Aerospace & Defense — 0.9%          
Hanwha Aerospace Co. Ltd.   177,845   $17,393,440 
Korea Aerospace Industries Ltd.(a)   509,671    18,314,460 
         35,707,900 
Air Freight & Logistics — 0.5%          
Hyundai Glovis Co. Ltd.   132,832    17,826,192 
           
Automobile Components — 2.2%          
Hankook Tire & Technology Co. Ltd.   563,145    19,710,597 
Hanon Systems   1,428,499    7,993,721 
Hyundai Mobis Co. Ltd.   319,463    56,500,258 
         84,204,576 
Automobiles — 4.7%          
Hyundai Motor Co.   673,173    95,849,196 
Kia Corp.   1,305,128    86,710,254 
         182,559,450 
Banks — 6.8%          
Hana Financial Group Inc.   1,594,344    51,300,463 
Industrial Bank of Korea   1,827,565    16,725,455 
KakaoBank Corp.   844,633    17,113,271 
KB Financial Group Inc.   1,919,621    77,615,778 
Shinhan Financial Group Co. Ltd.   2,268,660    64,715,642 
Woori Financial Group Inc.   3,613,304    36,424,956 
         263,895,565 
Biotechnology — 1.9%          
Celltrion Inc.   532,334    67,047,596 
SK Bioscience Co. Ltd.(a)(b)   155,293    8,146,746 
         75,194,342 
Broadline Retail — 0.0%          
Lotte Shopping Co. Ltd.   1    59 
           
Capital Markets — 1.4%          
Korea Investment Holdings Co. Ltd.   287,344    13,287,740 
Mirae Asset Securities Co. Ltd.   2,689,816    14,907,825 
NH Investment & Securities Co. Ltd.   1,277,585    10,129,779 
Samsung Securities Co. Ltd.   465,480    14,111,423 
         52,436,767 
Chemicals — 5.9%          
Ecopro Co. Ltd.(a)   88,180    50,869,620 
Hanwha Solutions Corp.(b)   668,199    17,226,302 
Kum Yang Co. Ltd.(b)   165,891    16,410,174 
Kumho Petrochemical Co. Ltd.   156,235    15,427,562 
LG Chem Ltd.   240,010    92,851,442 
Lotte Chemical Corp.   134,169    15,973,150 
SK IE Technology Co. Ltd.(b)(c)   162,556    8,900,038 
SKC Co. Ltd.(a)   109,102    8,156,723 
         225,815,011 
Construction & Engineering — 0.9%          
Hyundai Engineering & Construction Co. Ltd.   532,389    14,757,911 
Samsung Engineering Co. Ltd.(b)   989,690    19,296,602 
         34,054,513 
Diversified Telecommunication Services — 0.5%          
KT Corp.   358,387    9,310,558 
LG Uplus Corp.   1,442,986    11,720,992 
         21,031,550 
Electric Utilities — 0.6%          
Korea Electric Power Corp.(b)   1,492,592    21,773,015 
           
Electrical Equipment — 5.4%          
Doosan Enerbility Co. Ltd.(a)(b)   2,163,106    26,419,198 
Security  Shares   Value 
         
Electrical Equipment (continued)          
Ecopro BM Co. Ltd.(a)   232,364   $49,199,766 
L&F Co. Ltd.(a)   129,152    17,568,578 
LG Energy Solution(a)(b)   214,094    75,040,161 
POSCO Future M Co. Ltd.(a)   162,939    40,779,248 
         209,006,951 
Electronic Equipment, Instruments & Components — 4.3% 
LG Display Co. Ltd.(b)   1,514,501    14,656,928 
LG Innotek Co. Ltd.   94,396    17,369,911 
Samsung Electro-Mechanics Co. Ltd.   322,124    36,299,252 
Samsung SDI Co. Ltd.   264,837    96,434,077 
         164,760,168 
Entertainment — 2.3%          
HYBE Co. Ltd.(b)   105,288    17,514,606 
JYP Entertainment Corp.   152,742    11,341,612 
Krafton Inc.(b)   141,226    23,213,643 
NCSoft Corp.   98,486    19,941,957 
Netmarble Corp.(b)(c)   186,672    8,539,951 
Pearl Abyss Corp.(b)   261,845    7,616,285 
         88,168,054 
Financial Services — 0.9%          
Kakao Pay Corp.(b)   175,698    6,252,230 
Meritz Financial Group Inc.   668,856    28,679,016 
         34,931,246 
Food Products — 0.8%          
CJ CheilJedang Corp.   61,339    14,671,245 
Orion Corp.   169,501    15,326,782 
         29,998,027 
Health Care Equipment & Supplies — 0.5%          
HLB Inc.(a)(b)   780,182    19,238,101 
           
Health Care Providers & Services — 0.8%          
Celltrion Healthcare Co. Ltd.   508,774    29,323,977 
           
Hotels, Restaurants & Leisure — 0.2%          
Kangwon Land Inc.   795,269    9,533,226 
           
Household Durables — 1.5%          
Coway Co. Ltd.   329,971    12,704,862 
LG Electronics Inc.   579,972    45,986,434 
         58,691,296 
Industrial Conglomerates — 3.5%          
GS Holdings Corp.   374,129    11,928,737 
LG Corp.   498,281    32,272,071 
Samsung C&T Corp.   473,116    43,623,983 
SK Inc.   214,927    27,191,664 
SK Square Co. Ltd.(b)   484,878    19,079,293 
         134,095,748 
Insurance — 2.1%          
DB Insurance Co. Ltd.   328,851    21,217,938 
Samsung Fire & Marine Insurance Co. Ltd.   177,914    35,759,488 
Samsung Life Insurance Co. Ltd.   431,735    23,339,819 
         80,317,245 
Interactive Media & Services — 4.1%          
Kakao Corp.   1,470,448    57,369,202 
NAVER Corp.   628,571    101,038,931 
         158,408,133 
IT Services — 1.0%          
Posco DX Co. Ltd.   278,809    12,382,867 
Samsung SDS Co. Ltd.   200,751    26,104,049 
         38,486,916 

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Schedule of Investments (unaudited) (continued) iShares® MSCI South Korea ETF
November 30, 2023 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Life Sciences Tools & Services — 1.3%          
Samsung Biologics Co. Ltd.(b)(c)   92,929   $51,984,590 
           
Machinery — 2.3%          
Daewoo Shipbuilding & Marine Engineering Co. Ltd.(a)(b)   345,103    7,273,576 
Doosan Bobcat Inc.   430,579    15,152,313 
HD Hyundai Heavy Industries Co. Ltd.(b)   119,916    11,592,832 
HD Korea Shipbuilding & Offshore Engineering Co. Ltd.(b)   242,323    20,914,624 
Hyundai Mipo Dockyard Co. Ltd.(a)(b)   137,883    8,650,705 
Samsung Heavy Industries Co. Ltd.(b)   4,033,889    24,896,206 
         88,480,256 
Marine Transportation — 0.4%          
HMM Co. Ltd.   1,272,506    15,242,103 
           
Metals & Mining — 4.3%          
Hyundai Steel Co.   591,641    16,085,257 
Korea Zinc Co. Ltd.   59,945    22,739,409 
POSCO Holdings Inc.   342,087    127,750,851 
         166,575,517 
Oil, Gas & Consumable Fuels — 1.7%          
HD Hyundai Co. Ltd.   335,735    15,648,463 
SK Innovation Co. Ltd.(b)   324,929    35,971,350 
S-Oil Corp.   294,158    15,503,540 
         67,123,353 
Passenger Airlines — 0.5%          
Korean Air Lines Co. Ltd.   1,176,110    20,375,880 
           
Personal Care Products — 0.8%          
Amorepacific Corp.(a)   189,675    18,948,418 
LG H&H Co. Ltd.   51,505    13,305,810 
         32,254,228 
Pharmaceuticals — 1.3%          
Celltrion Pharm Inc.(a)(b)   107,843    6,675,493 
Hanmi Pharm Co. Ltd.   54,760    13,002,585 
SK Biopharmaceuticals Co. Ltd.(a)(b)   167,246    11,124,847 
Yuhan Corp.   375,745    17,834,473 
         48,637,398 
Semiconductors & Semiconductor Equipment — 7.1% 
Hanmi Semiconductor Co. Ltd.   234,210    11,493,603 
SK Hynix Inc.   2,547,212    264,302,468 
         275,796,071 
Specialty Retail — 0.3%          
Hotel Shilla Co. Ltd.(a)   215,460    10,939,698 
           
Technology Hardware, Storage & Peripherals — 22.5% 
CosmoAM&T Co. Ltd.(b)   122,848    15,635,518 
Samsung Electronics Co. Ltd.   15,092,997    851,059,528 
         866,695,046 
Textiles, Apparel & Luxury Goods — 0.2% 
F&F Co. Ltd./New   95,939    6,363,819 
           
Tobacco — 1.0%          
KT&G Corp.   580,127    39,546,062 
Security  Shares   Value 
         
Trading Companies & Distributors — 0.3%          
Posco International Corp.   275,950   $12,192,731 
           
Wireless Telecommunication Services — 0.3%          
SK Telecom Co. Ltd.   289,126    11,698,157 
           
Total Common Stocks — 98.0%          
(Cost: $1,965,689,056)        3,783,362,937 

 

Preferred Stocks

 

Automobiles — 0.9%        
Hyundai Motor Co.          
Preference Shares, NVS   187,971    15,726,695 
Series 2, Preference Shares, NVS   247,688    21,023,337 
         36,750,032 
Chemicals — 0.4%          
LG Chem Ltd., Preference Shares, NVS   64,197    15,336,994 
           
Technology Hardware, Storage & Peripherals — 0.1%
Samsung Electronics Co. Ltd., Preference Shares, NVS   89,110    3,997,600 
           
Total Preferred Stocks — 1.4%          
(Cost: $27,121,083)        56,084,626 
Total Long-Term Investments — 99.4%          
(Cost: $1,992,810,139)        3,839,447,563 

 

Short-Term Securities

 

Money Market Funds — 5.6%        
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.54%(d)(e)(f)   213,273,771    213,380,408 
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.34%(d)(e)   2,460,000    2,460,000 
           
Total Short-Term Securities — 5.6%          
(Cost: $215,794,082)        215,840,408 
           
Total Investments — 105.0%          
(Cost: $2,208,604,221)        4,055,287,971 
           
Liabilities in Excess of Other Assets — (5.0)%        (194,740,447)
           
Net Assets — 100.0%       $3,860,547,524 

 

(a) All or a portion of this security is on loan.

(b) Non-income producing security.

(c) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(d) Affiliate of the Fund.

(e) Annualized 7-day yield as of period end.

(f) All or a portion of this security was purchased with the cash collateral from loaned securities.

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Schedule of Investments (unaudited) (continued) iShares® MSCI South Korea ETF
November 30, 2023  

 

Affiliates

 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer  Value at
08/31/23		   Purchases
at Cost		   Proceeds
from Sale		   Net Realized
Gain (Loss)		   Change in
Unrealized
Appreciation
(Depreciation)		   Value at
11/30/23		   Shares
Held at
11/30/23		   Income   Capital
Gain
Distributions
from
Underlying
Funds		 
BlackRock Cash Funds: Institutional, SL Agency Shares  $208,037,093   $5,306,295(a)   $—   $(1,477)  $38,497   $213,380,408    213,273,771   $1,350,162(b)   $— 
BlackRock Cash Funds: Treasury, SL Agency Shares   3,110,000    —    (650,000)(a)   —    —    2,460,000    2,460,000    20,094    — 
                  $(1,477)  $38,497   $215,840,408        $1,370,256   $— 

 

(a) Represents net amount purchased (sold).

(b) All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

Derivative Financial Instruments Outstanding as of Period End

 

Futures Contracts

 

Description  Number of
Contracts		   Expiration
Date		  Notional
Amount
(000)		   Value/
Unrealized
Appreciation
(Depreciation)		 
Long Contracts                  
KOSPI 200 Index   309   12/14/23  $20,257   $211,864 

 

Fair Value Hierarchy as of Period End

 

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

●Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

 

●Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

 

●Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

 

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

 

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

 

   Level 1   Level 2   Level 3   Total 
Assets                    
Investments                    
Long-Term Investments                    
Common Stocks  $—   $3,783,362,937   $—   $3,783,362,937 
Preferred Stocks   —    56,084,626    —    56,084,626 
Short-Term Securities                    
Money Market Funds   215,840,408    —    —    215,840,408 
   $215,840,408   $3,839,447,563   $—   $4,055,287,971 

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Schedule of Investments (unaudited) (continued) iShares® MSCI South Korea ETF
November 30, 2023  

 

Fair Value Hierarchy as of Period End (continued)

 

   Level 1   Level 2   Level 3   Total 
Derivative Financial Instruments(a)                    
Assets                    
Equity Contracts  $—   $211,864   $—   $211,864 

 

(a)Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

Portfolio Abbreviation

 

NVSNon-Voting Shares

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